Financial and Banking News


GIB Plans $98mn Capital Increase 

Gulf International Bank (GIB) is to increase its capital by $98.1mn on 16 September to bring its total paid-in capital to $550.5mn, it was announced in Bahrain last week. GIB increased its capital by $92.8mn at the end of 1984. A statement by the bank's new General Manager, Mr. Ghazi 'Abd al-Jawad, indicated that the bank was considering opening representative offices in Tokyo, Frankfurt and Geneva,...